Ultrapar Participacoes (NYSE:UGP) Rating Lowered to Buy at Wall Street Zen

Ultrapar Participacoes (NYSE:UGP) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group downgraded Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 target price for the company. in a research report on Thursday, February 5th. Weiss Ratings raised shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $5.40.

Ultrapar Participacoes Trading Up 1.6%

NYSE UGP opened at $5.00 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.97. The stock’s 50-day simple moving average is $4.63 and its two-hundred day simple moving average is $4.16. Ultrapar Participacoes has a twelve month low of $2.64 and a twelve month high of $5.42. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.61 and a beta of 0.85.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.64 billion. Ultrapar Participacoes had a return on equity of 14.11% and a net margin of 1.72%. Research analysts forecast that Ultrapar Participacoes will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Inspire Investing LLC boosted its holdings in Ultrapar Participacoes by 14.2% during the 3rd quarter. Inspire Investing LLC now owns 21,133 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 2,632 shares during the period. Plan A Wealth LLC grew its position in Ultrapar Participacoes by 32.4% during the 3rd quarter. Plan A Wealth LLC now owns 14,056 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 3,438 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Ultrapar Participacoes by 5.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 75,215 shares of the oil and gas company’s stock worth $308,000 after purchasing an additional 3,952 shares during the period. Franklin Resources Inc. increased its stake in Ultrapar Participacoes by 32.3% in the 4th quarter. Franklin Resources Inc. now owns 19,210 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 4,688 shares during the period. Finally, Signaturefd LLC lifted its position in Ultrapar Participacoes by 17.7% in the fourth quarter. Signaturefd LLC now owns 33,774 shares of the oil and gas company’s stock valued at $127,000 after purchasing an additional 5,082 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.